Capex falls behind targets for PPC
PPC has announced that its capital expenditure fell behind targets for the period ending March 2024. This was due to a delay in the company’s fly ash project in Zimbabwe, which ...
Southern Africa
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PPC's success in Zimbabwe is contrasted by surrounding regions
South Africa-based cement manufacturer PPC Cement SA (PTY) Ltd has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-m...
Complex Ulco quarry relocation paves AfriSam’s cement future Premium
To guarantee its future, AfriSam has relocated the quarry of its Ulco plant in Northern Cape, South Africa. However, the project proved demanding on several fronts with technica...
Southern African transitions Premium
The cement markets of southern Africa have been gradually transitioning into more competitive areas with new investments. ICR reviews the young markets of Angola and Zambia as w...
Schwenk Zement terminates Namibian purchase agreement
The purchase agreement between Schwenk Zement International GmbH and RWCo GmbH regarding shares in Schwenk Namibia (PTY) Ltd has been cancelled. The agreement, which was signed ...
PPC concludes 51% CIMERWA stake disposal
PPC has concluded the sale of its 51 per cent stake in CIMERWA , Rwanda. The South Africa-based cement producer sold its shareholding for US$42.5m to National Cement Holding Ltd...
Aggregate Industries appoints group strategy and commercial growth director
Aggregate Industries , part of Holcim , has appointed Kaziwe Kaulule as its new group strategy and commercial growth director. With a career spanning over 19 years with the Holc...
Afrimat's acquisition of LSA gets Commission approval
South Africa’s Competition Commission has approved Afrimat’s acquisition of Lafarge SA , subject to a number of conditions. The deal, which is worth nearly ZAR1bn (US$54.59m), w...
PPC Zimbabwe managing director steps down
PPC Zimbabwe Ltd has announced the resignation of its managing director, Kelibone Masiyane. Mr Masiyane joined the company in 1994 as a trainee electrical engineer at the Collee...
PPC opens new Highveld blending plant
South Africa’s PPC has opened its new Highveld blending plant in Emalahleni in the Mpumalanga province. According to the company, the new facility demonstrates PPC’s ongoing com...